المستخلص: |
The study is focusing on the currency crisis, reasons and lessons. It's a comparative study between Egypt, Turkey, and Venezuela. In Egypt case we will find that the political situation after 25 jan-2011 revolution leads to loss most of the foreign reserves, and the black market start to drive the currency price due to the big need for USD to cover the normal imports, which put a high pressure on the CBE to announce the second floating go on November 2016. In other hand we will find that political situation also was the main reason for Turkey currency crisis, which leads to high inflation rate and high interest rates. And finally we will find that variety of GDP components was very important In order to avoid high impact of external shocks which was the actual scenario that happened in Venezuela as the oil represent 50% from the GDP and around 95% from the export returns and once the worldwide oil prices fall the value of the domestic currency in Venezuela failed as well.
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